David Heun

The growing complexity of technology is forcing payments providers to ask whether they are better off becoming one-stop shops or building a network of partners to fill out their offering.

EMVCo, the EMV standard governing body has released specifications for payment tokenization, a process that it says will strengthen security on card-not-present transactions initiated by EMV-chip cards.

As city governments seek out new payments technology, they may show less interest in standalone products.

MasterCard and Visa have formed a new group to improve efforts in the U.S. to migrate to the EMV-chip cards other security methods.

MasterCard and Visa have formed a new group to improve efforts in the U.S. to migrate to the EMV-chip cards other security methods.

Visa Inc. is deploying a classic fraud prevention model to combat the growing sophistication of prepaid card fraud.

Yapital Financial AG has signed a five-year agreement with security and payment gateway provider ReD to deliver fraud protection services for its European payment system.

Visa Inc. is deploying a classic fraud prevention model to combat the growing sophistication of prepaid card fraud.

When Apple makes its long-awaited plunge into mobile payments, it is more likely to create a closed system for Apple customers than a truly open mobile wallet for all consumers, a new study from Celent says.

Consumers are more concerned than ever about how to protect their payment card data, but they also know they have very little skin in the game because of card issuers' zero liability policies.

Most issuing banks are not allowing recent retailer data breaches to change their schedules for adopting EMV-chip cards, even though Target and other companies have said they would fast-track their own plans.

As banks continue to study the use of host card emulation (HCE) for Near Field Communication-based mobile payments, Ukraine's PrivatBank says it is one of the first to publicly launch an HCE service.

The U.S. payments industry has long agreed to disagree on the way to properly route EMV debit transactions, stalling the country's shift to chip-based cards. First Data hopes its decision to support and share Visa's technology will finally break the stalemate.

Visa Inc. and First Data's Star Network will share Visa's technology for routing debit transactions initiated through EMV chip-based cards.

For years, the U.S. has been divided on whether EMV-chip cards should be deployed as chip-and-PIN cards or the simpler chip-and-signature. After the Target data breach drew attention to the threat of data theft, the PIN debate seems to have lost its edge but it hasn't gone away.

JPMorgan Chase & Co. will issue chip-and-PIN credit cards this year, a deviation from the company's earlier plans to issue only chip-and-signature cards.

JPMorgan Chase plans to develop a one-click checkout option for its customers when shopping online or through mobile devices.

Swedish bank Handelsbanken plans to resell a VeriFone-built chip-and-PIN mobile card reader to enable the country's micro merchants to accept card payments through smartphones and tablets.

Target's recent commitment to fast-track its conversion to EMV smartcard technology may not trigger an avalanche of U.S. retailers doing the same, but Target's move seems to have become a catalyst to resolve the payments industry's other issues around EMV adoption.

Broadcom is making a move into mobile payments with a line of Near Field Communication chips for less expensive smartphones and wearable devices.